Tag: #Credit

KUALA LUMPUR, Apr 24, 2024 – (ACN Newswire) – Legacy Credit Sdn Bhd (“Legacy Credit” or the “Company”), a recognised entity in the financial services sector, is pleased to announce a substantial investment exceeding 5% stake through a private placement in VCI Global Limited (NASDAQ: VCIG) (“VCI Global”). Under this shares placement agreement, Legacy Credit will invest $2.5 million in VCI Global. This positions Legacy Credit as a substantial shareholder, reflecting its strategic commitment to enhancing financial solutions and expanding its influence across the ASEAN region. L-R: Nelson Goh, Director and CEO of Legacy Credit and Dato’ Victor Hoo, Group Executive Chairman ... Read more

HONG KONG, Apr 5, 2024 – (ACN Newswire) – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its annual results for the year ended 29th February 2024 (“FY2023” or the “Reporting Year”). During the Reporting Year, the Group’s revenue surged by 31.8% year-on-year to HK$1,623.3 million, as the Group achieved a steady increase in credit card receivables and personal loan receivables, and recorded a significant growth in net interest income despite the increase in funding cost and bank borrowings. With the cost-to-income ratio decreasing to 46.9% from 53.8% in the Previous Year due ... Read more

TOKYO & JAKARTA, Mar 22, 2024 – (JCN Newswire) – PT JCB International Indonesia, a subsidiary of JCB International Co., Ltd. (JCB), and PT AEON Credit Service Indonesia have launched the AEON JCB Precious Card, targeting the premium segment and focusing on family needs. The credit card is designed to help Indonesian families meet their basic daily needs and still enjoy a life with the card’s dining and travel benefits. AEON JCB Precious Card consistently prioritizes customer satisfaction and remains committed to providing the maximum benefits to ensure an exceptional customer experience. In line with the upcoming Eid Al-Fitr shopping and ... Read more

HONG KONG, Jan 4, 2024 – (ACN Newswire) – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its results for the nine months ended 30 November 2023 (“first nine months of FY2023” or the “Reporting Period”). During the Reporting Period, the Group’s revenue jumped by 34.4% year-on-year to HK$1,192.9 million, as the continued increase in credit card receivables and personal loan receivables, driven by the Group’s marketing programs, together with the increase in the interest rate on card credit purchases, resulted in a significant rise in interest income. The growth in revenue ... Read more

Selecting the best credit card from a plethora of options can be tedious. While one may offer benefits like redeemable points, the other may provide attractive cashback options. With so many choices available, choosing one that would help you earn the best rewards as you spend can get confusing. However, this limitation can be easily tackled by simply narrowing down the choices based on a few factors discussed below: What to Look for in a Credit Card? Identify the Reason Before you apply for a credit card, it is necessary to identify the reason for applying for one. For instance, if ... Read more